How much you plan to pay in taxes to support my UBI?
I expect to pay and continue paying a lot, yet the benefit is more than what I pay in taxes. What's better is that our current UBI is quite a bit above zero already, but the distribution is fraught with large costs in time. Re-organizing and streamlining UBI distribution would result in significant cost improvements to the current US welfare approach, and improve its impact.
Can you back your claim with facts? UBI is universal, not magic.
> I expect to pay and continue paying a lot,
Just say a number, so we will put it into formula to see is your expected taxation will match minimum requirement for UBI.
Typical wealth distribution without UBI:
^
|
|
| *
| * *
| * *
| * *
| * *
|* * * *
+------------------------------------------------>
^ - number of people, > - income
Typical wealth distribution with UBI: ^ *
|
|
|
|
|
|
|
| *
| *
| *
| *
| * * *
+--U------------------------------------------->
^ - number of people, > - income, U - UBI level
Please notice, that area (sum of n*i) of both graphs must be same, i.e. you cannot just print money like in computer game.As you see, UBI erases middle class. Everyone becomes poor, except some rich.
So you're saying that you're a poor economist, then.
A reasonable overview: https://econreview.berkeley.edu/unboxing-universal-basic-inc...